2019 Feasability Study ..All In Costs $863 Per ounce To clarify , the AIC was estimated to be $863 per ounce.
The $1100 Breakeven cost was to pay for the $53 m USD capex cost of the FP and Biox which would have been mostly funded by debt
We have paid for the FP capex with our cash, without debt.....due to funds received from selling Mengapher.
So, our Breakeven point is really $863 USD as estimated in the 2019 Feasability study and should be below $1100 usd per ounce and could be below $1000.
To be conservative, I will use $1100 USD
It seems that most of us mis understood or forgot this significant added cost of financing the project at that time which is now no longer valid.
Given this clarification, the FP will be a cash cow which is why the decision to install Biox is now certain and probably in 2024.
Another important point related to early install of Biox.
Our concentrate is being sold to China as is the case with most gold concentrate in the SE Asia region.
Its a huge market in which Malaysia could be highly competitive with modern mills such as Selinsing will have within a year or so.
Dato is very well connected to the Royal family and to the concentrate/ smelting industry.
Remember the Royal visit in 2022?
It was not pointless ..